Comparing silver and gold silver is lagging in this rally. If you missed Tuesday gold pop it's an oppurtunity to join the metal rally at the end of this intermediate cycle. The weakening dollar is the support for our long position.
I will take profit in the next 5-10 days most probably in the breakout above 17.697$.
I agree with you Arpi, Silver is lagging and will catch up. Its a pretty clear H&S pattern on the daily chart which could extend prices near $20. As for Gold, XAUUSD is just getting started. Typically you get a cycle around 30 days, we are only a few days into this cycle, so there is plenty of time to expand. Thanks for sharing your analysis.......
BjornPfaff
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I do not agree with you. Silver will follow gold and gold is due for a correction
chartwatchers
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@BjornPfaff, its just a one week trade. And a small trade. Thsts why the 3stars.